Page 21 - Indian Government

Govt asks Irda & insurance cos to address concerns to reduce consumer cases

The government on Wednesday flagged six major issues, including ambiguity in insurance contracts and inflexible policy terms, before regulator IRDAI and other stakeholders, and urged them to address those to reduce the huge pendency of consumer cases. The other issues raised before the key stakeholders include lack of powers delegated to representatives of insurance companies to take decisions during out-of-the-court settlements, agents not sharing full policy documents with consumers at the time of signing of policy, repudiation of claims on the basis of pre-existing diseases and crop insurance claims tied up with a central scheme which is not flexible, it said. Currently, more than one-fifth of the total consumer complaints are pertaining to the insurance sector across the country. "We have raised these concerns before IRDAI and other stakeholders. We are hopeful that the insurance companies will address them voluntarily. If the need arise we will also request the regulator to mak

101 NDRF rescuers with 5 women personnel depart to help quake-hit Turkey

India sent 101 NDRF rescuers with 5 women personnel, canine squad to help quake-hit Turkey; 51 landed, 50 on way.

Puducherry Assembly adjourns sine die after holding session for 24 mins

The Puducherry Assembly which met here on Friday was adjourned sine die after holding a session for 24 minutes. The House passed the demands for additional grants for the year 2022-2023 sought by Chief Minister N Rangasamy and his cabinet colleagues for their respective departments. The House also passed the Appropriation Bill tabled by the Chief Minister. Earlier, the Speaker R Selvam made an obituary reference as soon as the House commenced proceedings regarding the death of Queen Elizabeth II of the United Kingdom. The Speaker paid glowing tributes to the Queen who died on September 8, 2022. All the legislators stood in silence for a couple of minutes in memory of the late queen. After obituary reference, all the six opposition DMK members led by the legislature party leader R Siva who came dressed in school uniforms and carried bags to symbolically show that school students were yet to receive uniforms, urged the government to come out with a resolution on statehood for ...

Opposition leaders to devise strategy ahead of Parliament proceedings

Leaders of various Opposition parties will meet this morning to devise strategy for the floor of the House ahead of Parliament proceedings

Budget aims to fix 'nuts and bolts' of state machinery

The government clearly wants everyone to file income tax returns so that the people with unaccounted wealth do not use the low income individual as a shield for their unaccounted wealth

Push for new income-tax regime: Pain points & what's on offer in Budget

India's taxation rates had been higher than others like the US or Brazil, though lower than other peers

Blueprint for New India: Here are 15 takeaways from the Budget 2023-24

The Budget is a blueprint and strong foundation for a New India; takes a long-term view of the economy

Banking sector should cheer Budget

The Budget estimated the nominal GDP growth at 10.5 per cent in FY23, lower than what the Economic Survey, tabled a day ahead, projected

Union Budget 2023-24: Firm on prudence, high on feel-good factor

Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget for 2023-24, which is expected to serve as the last full Budget of Prime Minister Narendra Modi's second term in office

Focus on bank governance: Pain points & what's on offer in Budget

A move to the stricter expected credit loss model in accounting for bad loans is on the cards for banks

'Reward the rich' politics

With a 10% tax cut for the super-rich, has the Modi government lost it? If this is what we believe, we are still caught in oldthink in our political economy

Investing, not saving

More effort on deficit reduction was needed

Union Budget 2023-24 ready reckoner: A fiscally prudent approach

The Centre stuck with fiscal prudence, project­ing a decline in fiscal deficit to 5.9 per cent of GDP in FY24

The Budget as a new credibility asset

The Budget reflects a solid continuity and even reinforcement of the development orientations and objectives pursued by the PM over quite a few years now

Economic Survey 2022-23: Industry and services regaining momentum

Gross value added in the industrial sector posted a stro­ng upturn, registering a growth rate of 3.7 per cent in H1, FY23, higher than the average growth of 2.8 per cent in H1 of the last decade

Optimistic outlook

Higher growth will need more reforms

PM CARES fund not govt's, 3rd party info can't be given under RTI: Delhi HC

The PM CARES Fund is not a government fund as donations to it do not go to the Consolidated Fund of India and no third party information can be parted with irrespective of its status under the Constitution and the Right to Information (RTI) Act, the Delhi High Court was informed on Tuesday. An affidavit filed by an under secretary at the Prime Minister's Office (PMO), who is discharging his functions in the PM Cares Trust on honorary basis, has said the trust functions with transparency and its funds are audited by an auditor -- a chartered accountant drawn from the panel prepared by the Comptroller and Auditor General of India. It contended that irrespective of the status of Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) under the Constitution and the RTI Act, it is not permissible to disclose third party information. The affidavit was filed in response to a petition seeking a direction to declare the PM CARES Fund a 'State' under the ..

Assam Governor Prof Jagdish Mukhi adopts 10 TB patients for 6 months

Assam Governor Jagdish Mukhi has adopted 10 tuberculosis patients under the Centre's Nikshay Mitra initiative. The governor will take care of their nutritional and allied support needs for a period of six months. He handed over prescribed food packets to health officials in Raj Bhavan on Monday for distribution among the 10 patients. Under the Nikshay Mitra initiative of the Pradhan Mantri TB Mukt Bharat Abhiyaan, individuals or organisations can adopt tuberculosis patients for six months and help meet their nutritional and medical requirements. Speaking on the occasion, the government said common people have always helped transform government programmes into mass movements, and hoped that the TB eradication mission will also be a huge success.

Agitating K'taka Anganwadi workers threaten to lay siege to CM's residence

The State Anganwadi Employees Association has given a 48 hours deadline to the ruling BJP government in Karnataka for fulfilling the demands of Anganwadi workers

We have to build Aatmanirbhar India: Prez in her 1st address to Parliament

The Budget session of Parliament got underway on Tuesday with the maiden address of President Droupadi Murmu to a joint sitting of both Houses